HERITAGE CANNABIS HLDGS - HERTF STOCK NEWS

Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) announces the launch of RAD Razzlers, a new cannabis gummy product expanding its edibles category. Each pack contains 10 mg of THC, with individual gummies offering 2.5 mg. Initially available in Alberta, Saskatchewan, Manitoba, and Ontario, Heritage plans to expand availability nationwide and into the U.S. market. CEO David Schwede highlights the product's potential to enhance revenue streams, leveraging the established RAD brand's popularity.

Heritage Cannabis Holdings Corp. (CSE: CANN; OTCQX: HERTF) announced the launch of operations in Missouri in collaboration with 3Fifteen Primo Cannabis. The company has commenced production on vape products, concentrates, and pre-rolls.

Missouri's medical cannabis market was valued at US$290 million in 2021, with a projected CAGR of 23% from 2022 to 2030. Heritage aims to expand further into West Virginia later this year, leveraging expertise and retail partnerships.

Heritage Cannabis Holdings Corp. reported significant financial growth for Q3 2022, achieving gross revenue of $10,799,784, a 111% increase year-over-year. The nine-month gross revenue reached $30,848,238, up over 167%. The company marked its second consecutive quarter of positive EBITDA, driven by expanding sales channels and product offerings. Despite challenges from a regional labor strike affecting sales, operational efficiencies improved, reducing costs. However, the company reported a comprehensive loss of $2,793,327 for Q3 2022, down from $6,637,449 in Q3 2021.

Heritage Cannabis Holdings Corp. has announced a change in auditors, transitioning from Davidson & Company LLP to Welch LLP. The Former Auditor resigned on September 8, 2022, with the Successor Auditor taking over from September 9, 2022. Notably, there were no reservations or modified opinions regarding the Former Auditor's reports on the Company’s financial statements. These changes comply with National Instrument 51-102, and the necessary filings have been made on SEDAR.

Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) has formed a partnership with Harvest Care Medical, LLC in West Virginia to supply extraction expertise and launch Heritage branded products. Harvest Care, an established leader with ten dispensary licenses, will utilize its cultivation license to enhance Heritage's production capabilities. The agreement includes installation of production equipment, expected to be operational by September. The West Virginia medical cannabis market is projected to reach USD $40 million by 2025, presenting significant growth opportunities for Heritage.

Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) has launched Heritage Helps, a multi-faceted program for community and environmental support, set to roll out throughout 2022. The initiative aims to enhance environmental sustainability by converting packaging for the Pura Vida brand to recyclable and biodegradable materials. Additionally, a partnership with a national organization aimed at assisting underserved individuals will be announced this summer. CEO David Schwede emphasizes the company's commitment to positively impacting both the environment and local communities.

Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) announced that shareholders approved key items at the annual general meeting on June 30, 2022. The approved items include the election of Celine Arsenault, Clint Sharples, and David Schwede as directors, and the appointment of Davidson & Company LLP as the auditor. Heritage Cannabis is a prominent player in the Canadian cannabis market with a range of products under various brands, catering to both medical and recreational segments.

Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) reported its Q2 2022 financial results, achieving gross revenue of $10,452,313, a 127% increase year-over-year. For the six-month period, gross revenue reached $20,048,454, up over 212% from the previous year. The company has transitioned to branded provincial sales, expanding its product listings significantly. Despite a comprehensive loss of $500,614 for Q2, this marks an improvement over last year’s $5,151,011 loss, showcasing operational efficiencies and management of general expenses.

Heritage Cannabis Holdings Corp. (CSE: CANN, OTCQX: HERTF) announced the launch of twenty new cannabis products in Ontario, expected to hit the market this fall through the Ontario Cannabis Store. These products, which include flower, pre-rolls, vapes, edibles, and concentrates, received Notice to Purchase from OCS, highlighting the company's effective product pipeline. Additionally, the company has settled $391,000 in bonuses for executives by issuing 7,109,090 common shares instead of cash, based on the recent fiscal quarter's performance.